The dollar index rose to its highest level since March on Tuesday, hitting 104.6 as disappointing PMIs came in from China and Europe. There are indications that the Federal Reserve will pause its rate hiking cycle in its…
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Service sector PMIs for the eurozone dropped below 50, signalling a recession. Said weak activity may have been driven by the European Central Bank’s money-tightening policy.
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UK retail sales were unexpectedly high at 4.3% against a forecast of 2.0% and above the three-month average of 3.6%. However, with soaring inflation still impacting prices, experts warn that price hikes may be masking a drop in…
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The pound lost 0.4% against the dollar yesterday as UK business activity fell in August for the first time since January. Sterling rebounded from its lowest level since mid-June as the British composite Purchasing Managers’ Index (PMI) figures…
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The dollar lost out to the pound and euro yesterday.
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It was a positive day for the single currency yesterday, strengthening against almost all major rivals apart from sterling.
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Sterling continued its slow but steady rise against the euro yesterday, taking its rise close to 1% since last Tuesday and back to where it started last week against the US dollar. However, that has reversed so far…
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Sterling strengthened across the board yesterday, on a quiet day for data in the UK and with Labor Day in the US. This morning has been a little more lively so far, with a drop of close to…
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